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SB Real Estate Partners Pays $91 Million for Phoenix Apartment Complex

California-Based Investor Has Been Active Buyer, Seller in Greater Phoenix
The property comprises studio, one- and two-bedroom floor plans ranging from 474 to 924 square feet. (CoStar)
The property comprises studio, one- and two-bedroom floor plans ranging from 474 to 924 square feet. (CoStar)
By Michael Scott
CoStar Research
June 13, 2022 | 5:30 P.M.

SB Real Estate Partners has purchased Azura Apartments, a 387-unit apartment complex in Phoenix, for $91 million, or about $235,000 per unit.

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